The Anthem, AZ real estate market slowed down a bit in July. The number of homes sold was down 33% from a year ago. Even the 12 month moving average sale price, ($308,874, up 3% from the previous year) has started to level off a bit. The number of homes currently on the market is 189 with the days on market at 73, 17% less than a year ago. Combined with a burn rate of 2.80 months supply, and we still have a very balanced market in Anthem.
Here are the latest stats for the month ending 7/31/16:
Active Listings: 189
Homes Pending: 105
Homes sold in last 30 days: 62 (Down 24% from June '16, Down 33% from July '15 )
Burn rate (Inventory on market / by homes currently under contract) = 2.80 months supply
Avg. Sale price (Solds): $296,307 (Down 9% from June '16, Down 6% from July '15)
Avg. price per sq. ft. (Solds): $136.51 (Same as June '16, Up 6% from July '15)
Avg. Days on Market (Solds): 73 (Down 17% from June '16, Down 3% from July '15)
To receive a free market analysis for your Anthem home please call Jerry Murphy at 602-334-3757 or e-mail: jwmurphy@longrealty.com
To search Anthem homes for sale please visit: www.JWMurphy.LongRealty.com
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